Art market

Market forces still at work: why we need to look to our past to understand our future

Our first collection of archival stories looks at the major financial shifts and trends that have impacted collectors and those in the trade since 1990—and continue to be relevant today

Auctions: what will change, post-Covid-19?

In the era of social distancing, auctioneers may have to conduct sales to an empty room

Robert Indiana’s LOVE at centre of new $150m fraud claim

American Image Art founder alleges certain works are in the public domain and cannot be copyrighted

Sotheby's launches Gallery Network online sales platform

Featuring galleries like Petzel, Lehmann Maupin and Jack Shainman, the buy-now marketplace transacts sales through the auction house at publicly listed prices

Art marketanalysis

Great Depression of the 21st century looms over the art market

As the IMF warns we are heading towards the worst economic slump in living memory, the art industry starts to fear a double dip recession

Competitors become colleagues as galleries pool resources to stoke sales

Even before the coronavirus pandemic, dealers big and small were experimenting with joint exhibitions. Now it is a matter of communal survival

Will Art Basel actually happen in September? A letter to exhibitors suggests potential for more delays

Fair extends deadline to confirm participation until 1 June, but concedes "there are simply too many open questions" to know if the fair will happen at the moment

Galleries worldwide face 70% income crash due to coronavirus, our survey reveals

The alarming impact of the crisis on international galleries and dealers is revealed in our exclusive survey, which also suggests that a third of businesses do not expect to survive

Julia Michalska and Anna Brady. with research by
Art marketanalysis

Will art fairs return in 2020?

As coronavirus lockdowns are extended across much of the world, leaving galleries unable to trade, hopes are fading that autumn events will be able to go ahead

Art marketcomment

‘I’ve always been wary of big business’: Paula Cooper on weathering adversity and building better social systems

The veteran New York dealer shares her concerns about the current coronavirus crisis—and what the art world needs to stay focused on

Phillips partners with charitable foundation to benefit New Yorkers hardest hit by coronavirus

The auction house will donate all proceeds from a forthcoming online sale to the New York-based Robin Hood Foundation

Coronavirusanalysis

How Korea's galleries evaded a coronavirus standstill

Although the country’s museums have been closed since February, its commercial galleries were allowed to remain open—and sales have continued at a steady pace

In cautious loosening of lockdown, Germany allows art galleries to re-open

Small shops to open from next week but large gatherings still banned until at least 31 August

Market for Inuit art faces financial deep freeze after Arctic cruises put on hold

As coronavirus brings recreational tourism to a halt, artists in Canada's Nunavut territory say the economic fallout has the power to "crash the community"

Socially distant but financially fruitful: George Condo's lonely drawings sell out online

Works made during lockdown were priced between $100,000 and $125,000 in Hauser & Wirth's virtual show

Rolex, Patek Philippe and Chanel walk out of MCH group’s Baselworld

Future of the Swiss watch and jewellery fair, which is owned by Art Basel's parent company, now hangs in the balance

Coronavirusanalysis

Can’t pay your rent? Here’s what you can do if you're a UK gallery

Coronavirus has left many art businesses struggling to pay their bills, but there are resources available to help

Christie's settles $16.7m in tax claims with New York District Attorney

Manhattan prosecutors say the auction house failed to collect sales tax on $189m in private sales over five years

White Cube launches £1.25m Covid-19 fundraiser with Harland Miller

Prints sell out in less than 24 hours as British artist reveals he contracted a mild form of the virus

One third of French galleries could shut before end of 2020 due to coronavirus impact

Survey issued by the Comité professionnel des galeries d'art reveals the economic damage already done, with members estimating a total loss of €184m for this quarter

Hauser & Wirth announces new art and technology division with the launch of a custom-designed virtual reality platform

The ArtLab initiative will also offer a new tech residency programme for artists as blue-chip galleries race for digital dominance amid coronavirus lockdown

Artsy donates 10% of proceeds from new series of 'collections' to the World Health Organisation's coronavirus response fund

The Give Back series features works by artists whose shows were cancelled or postponed due to Covid-19

Charity auction raises more than €2m for French healthcare workers

Paris-based auction house Piasa hosted online sale of 370 works donated by artists, designers and galleries

Forgery, drugs and sex abuse in the Canadian art world exposed in new documentary

There Are No Fakes connects a forged Norval Morrisseau painting to a crime ring behind "the greatest art scam in Canadian history"

Art marketanalysis

South American galleries face steep challenges as the region's biggest fairs shutter due to the spread of coronavirus

In economically shaky countries like Argentina, annual fairs like the now-postponed ArteBA are a financial lifeline. Now galleries must "rethink how to produce"

Dietl initiative supports art technicians who lost work due to coronavirus

A commission-free sales platform launched by the art logistics company benefits art handlers, who are often artists subsidising their studio practice

La Biennale Paris relies on government funding bailout to support dealers during coronavirus crisis

Exhibitors at the art and antiques fair in September will not have to pay the usual advance deposit and allowed to spread out payment over four months

Art theftanalysis

Boomerang art thefts: the stolen art that finds its way back

From a Van Gogh left in a public toilet to a Klimt found inside a gallery wall, just what is it that prompts criminals to return such valuable works?